Landmark Day for Stock Market Friday

self | 06-20-2002 | Tuco-bad

[Tuco-bad]

If the S&P closes down Friday 6/21/02, the stock market will have experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P being down 14 of the past 17 weeks.

[Tuco-bad]

Looks like it's time to run and DON'T look back!

However as the more senior (time on the FreeRepublic) FReepers know, I am always wrong, so maybe it's time to charge into the market.

[TomB]

If the S&P closes down Friday 6/21/02, the stock market will have experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P being down 14 of the past 17 weeks.

Huh? What does "based on number of up/down S&P weeks" mean, and what does that have to do with future performance?

[eureka!]

Looks like the fraudulent market of the 90's is still taking its toll. Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books and crooked bean counting. Now, nobody knows who to trust. Sure was great while it lasted though. Gave a certain grifting, lying, predating, do nothing positive ex-president some good press...

[mdittmar]

Ahhh,a buying opportunity:)

[Dave S]

Looks like the fraudulent market of the 90's is still taking its toll. Those purportedly in the know say that Demron and Global Crossing aren't the only companies with cooked books and crooked bean counting. Now, nobody knows who to trust. Sure was great while it lasted though. Gave a certain grifting, lying, predating, do nothing positive ex-president some good press...

If Enron and Tyco and all these companies have been inflating earnings, cant they file an ammended tax return with the real numbers and get a tax refund? No wonder the SEC and other agencies werent doing their job. The greater the earnings whether real or not, the higher the tax revenue!

[eureka!]

Re#5 But, but, but the 'Rats say those corporations don't pay taxes. ;^)

[eureka!]

I will. But don't hold your breath...

[shaggy eel]

,,, those steel tariffs, dodgy corporates, the post dotcom lull, ex Sept 11 and an overvalued dollar are all taking their toll. Glad I'm not holding ADRs.

[DeaconBenjamin]

No doubt. I suggest you mortgage your house and invest.

[mdittmar]

Mortgage the house,ahhh,no.

Invest,I will continue to.

Thanks.

[Willie Green]

Policies like protective tariffs, etc, that he implemented.

Tariffs had little, if anything to do with the Great Depression.
The crash was caused by ignorance of market fundamentals and overspeculative purchase of stocks on margin during the Roaring 20's.
When corporate revenues/profits failed to justify the humungous specultive bubble, the excessive use of margin-debt set off a cascading dominoe effect of bankruptcies and bank failures.

[ChinaGotTheGoodsOnClinton]

Is it just me or did the Financial Press suddenly switch as if in lockstep when Bush was sworn in from:

The glass is half full

to

The Glass is half empty!?

[Moonman62]

The crash was caused by ignorance of market fundamentals and overspeculative purchase of stocks on margin during the Roaring 20's.

What percentage of stock market capital was margined?

When corporate revenues/profits failed to justify the humungous specultive bubble, the excessive use of margin-debt set off a cascading dominoe effect of bankruptcies and bank failures

You mean the Federal Reserve's use of extremely tight monetary policy to specifically knock down the stock market had nothing to do with it?

[thedilg]

You must be kidding. FDR did nothing to jump start the economy or to cure the depression. After about seven years of his policies the unemployment rate was still about 17%; Still a depression in my mind. It was not until we geared up for WW II that enemployment was finally cured and the depression ended.

FDR did nothing but implement policies that extended the depression.

Godspeed, The Dilg

[Tuco-bad]

Is it just me or did the Financial Press suddenly switch as if in lockstep when Bush was sworn in from:

The glass is half full to

The Glass is half empty!?

Clinton had the PPT (Plunge Protection Team) to keep the market up, what does Bush have?